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WHAT CAN MARSHMALLOWS TEACH US ABOUT SOCIAL SECURITY DEFERRAL?

Sponsored by PIMCO

In the Stanford marshmallow experiments with preschool children a half century ago, researchers offered kids a choice: Eat one marshmallow now or wait 15 minutes for two goodies. Follow-up studies found that kids who had delayed gratification tended to perform better on standardized tests and other life measures. Similarly, PIMCO's research shows that for many individuals, delaying gratification by taking Social Security benefits later often maximizes lifetime benefits. Nonetheless, retirees frequently take benefits early, or most commonly, within a few months of retirement.

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FINANCIAL ADVISORS AND RETIREMENT: THE DECUMULATION DILEMMA

Sponsored by PIMCO

PIMCO's Income to Outcome framework seeks to deliver a simpler, more intuitive approach to investing for retirement.

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Articles and White Papers

RUSH TO MUNIS COULD BOOST MEDICARE PREMIUMS  

From InvestmentNews

The income calculation for Medicare and Social Security includes tax-exempt interest on municipal bonds.

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UNLISTED INFRASTRUCTURE: DEFENSIVE EQUITY WITH AN INFLATION HEDGE 

From the Investments & Wealth Monitor

Some private-market investment options are becoming available to accredited investors now for the first time; one option is unlisted infrastructure, which may be appealing to accredited investors as a newly accessible investment category.

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ODDS ARE RETIREES DON'T CARE ABOUT THE ODDS 

From the Retirement Management Journal

Monte Carlo is wildly inaccurate in its predictions of how long a retiree’s savings are likely to last and employs a methodology that is the opposite of what retirees want. Eliminating it from conversations should lead to safer, simpler, and more-personalized retirement-income portfolios for investors and help advisors create a brand of original thinking.

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HOW SPACs DESTROY INVESTOR WEALTH

From the Investments & Wealth Monitor

Special-purpose acquisition companies (SPACs) have become popular with investors, but advisors should understand they are risky, difficult-to-analyze, and have high embedded fees and a lack of transparency; they also have come under regulatory scrutiny.

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TAX LAW UPDATES: THE SIX YOU SHOULD KNOW

From TheStreet’s Retirement Daily

Multiple bills have been passed that update tax laws in 2021, Advisor Brittany Komorowski lists her top six changes in TheStreet's Retirement Daily.

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UNDERSTANDING THE TRUE COST OF HEALTH CARE IN RETIREMENT 

From the Retirement Management Journal

Perhaps the greatest worry for those in, or near, retirement is whether they will be able to afford rising healthcare costs, particularly unplanned out-of-pocket expenses. Retirees’ concerns around health care are not without merit, yet a closer look reveals a different picture.

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TARGET DATE FUNDS: A 'TIME BOMB' IN A RETIREMENT TOOL FOR THE MASSES?

From ThinkAdvisor

A congressional committee has asked the Government Accountability Office (GAO) to investigate target date funds (TDFs). But many believe TDFs are a valuable tool to help inexperienced investors build sensible retirement portfolios.

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Latest Discussions

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FUTURE OF MONEY STUDY: THE CONSUMER MONEY MINDSET 

From Logica®

During the past year, the Logica® Future of Money Study has been tracking the impact of COVID-19 on Americans’ financial lives. We have seen that the way people work, spend, save, and invest has dramatically changed, and many of these changes are here to stay.

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SMALLER, BIGGER, AND BETTER TRENDS IN THE BUSINESS OF FINANCIAL ADVICE

From the Investments & Wealth Monitor

Different types of firms appeal to different types of advisors and different types of investors. Firms need to be clear about the types of clients they wish to serve.

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CREATING AND COACHING A COHESIVE TEAM

From the Investments & Wealth Monitor

Helping team members achieve their professional and personal goals will pay dividends in client satisfaction, growth, and loyalty.

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RETIREMENT POLICY STATEMENTS: A CONCRETE PLAN FOR RETIREMENT

2021 IWI Writing Award: Honorable Distinction, from the Investments & Wealth Monitor

As a client heads into retirement, a variety of factors are at play. Dreams and personal goals may still be taking shape, contingent upon income from a variety of sources, possibly including “re-careering” or part-time employment. Longevity, however, is the greatest unknown. A retirement policy statement is an actionable document that provides a client with the comfort of a concrete plan for retirement.

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RETIREMENT RISKS: VITAL ISSUES FOR THE POST-RETIREMENT PERIOD

From the Investments & Wealth Monitor

Advisors help their clients plan for a successful retirement. Each person is different and everyone faces financial and other uncertainties in retirement. The Society of Actuaries sponsors an extensive program of research on post-retirement risks. This research is important for advisors and individuals because it identifies gaps in knowledge about the challenges of retirement, it helps us to understand what people think and how they act, and it explores many issues not usually addressed in retirement research.

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THE BENEFIT OF DIVERSIFIED GUARANTEED INCOME FOR RETIREES: COMBINING IMMEDIATE FIXED AND IMMEDIATE VARIABLE ANNUITIES

From the Retirement Management Journal

This paper explores the potential benefits of developing retirement income that considers both immediate fixed annuities (IFA) and immediate variable annuities (IVA) using a stochastic utility model combined with a scenario framework.

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Institute Blog: Investment Sense


Professional Development

100-DAY ADVISOR CHALLENGE: FALL EDITION

September 20 - November 30

This academic commitment isn’t for everyone. It will take determination, perseverance, and grit. It was designed for competitive professionals looking to challenge themselves over a period of 100 days. You will be pushed to approach things through a new lens, adopt new habits, and solve complex problems using our Retirement Management Advisor® framework. Throughout your journey, you’ll have a team of top practitioners motivating and encouraging you. You’ll have exercises, case studies, and thought-provoking discussions. The final step in your fall 100-Day Advisor Challenge culminates with a rigorous exam. As a reward, you will earn bragging rights as a retirement expert! Upon passing the exam, you will be able to proudly showcase your Retirement Management Advisor® or RMA® credentials.

Apply by September 13, 2021 with promo code FALL100AC to save $500!

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INSTITUTE PROFILES:

Ashok S. Ramji, RMA®, CFP®, CDFA®, CHFC®, CLU®, RICP®

"There’s more confidence post-RMA® certification. It helps the clients, it helps me. The RMA® curriculum provides a framework for looking at things truly across the silos.”

Read Ashok's Story

Institute Announcements

  • Survey: Help the Institute with Planning Our Educational Sessions

    The Investments & Wealth Institute is seeking your input to help us in planning upcoming Institute educational sessions. Please provide your opinion by taking a short, 17-question survey. Please rank the topics from 1 to 17, with 1 being most interested and 17 being least-interested. Please provide your feedback ...
  • Forthcoming Study Indicates in a 50%+ Market Decline Investors Will Act Against Best Interests

    The Investments & Wealth Institute, in partnership with the Behavioral Investing Institute, recently conducted a study on how both advisors and investors perceive bubbles and market crises. The survey results revealed the depth of client temptations, their fears of market declines and understanding of their portfolios. The ...
  • The Investments & Wealth Institute Brings New Accelerator Program to Advisors

    Investments & Wealth Institute® is proud to announce a new executive education program for advanced financial advisors looking to accelerate their level of expertise and become a Certified Private Wealth Advisor® (CPWA®) in about three months. The Wealth Management Accelerator Program kicks off on September 1, 2021. This program ...


Online Education and Podcasts

ENHANCING LONGEVITY RISK MANAGEMENT 

On-Demand Recording

In an aging world with forecasted long-term low returns, what are some good ways to manage risk associated with longevity? Olivia Mitchell will touch on the benefits and risks of longevity annuities, deferring Social Security claiming, and pension guarantees. Eliminating required minimum distributions and delayed retirement will also be discussed.

1 Hour of CE Credit.

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A FEASIBLE BLUEPRINT FOR MEETING THE CHALLENGES OF FUNDING RETIREMENT INCOME 

On-Demand Recording

Professor Robert Merton will offer an integrated approach to addressing the global retirement funding challenge and its impact on lifetime income and consumption. This session will frame the problem in a six-component approach to solving the challenge in a transparent, modular fashion including the essential design principles for the defined-contribution component.

1 Hour of CE Credit.

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BEHAVIORAL FINANCE IN INVESTING: THE EXISTENCE AND IMPORTANCE OF ‘INVESTMENT TRIBES’ AND RISK-PREFERENCE DIVERSITY W/ SID MURALIDHAR AND ARUN MURALIDHAR, PH.D.

Exceptional Advisor Podcast

Robert Powell, the editor of Retirement Daily at The Street, interviews Sid Muralidhar and Arun Muralidhar, Ph.D. on their award-winning article Behavioral Finance in Investing: The Existence and Importance of ‘Investment Tribes’ and Risk-Preference Diversity. This episode explores the implications of investment tribes and how advisors can apply these research findings to improve client outcomes.

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ADVANCED ADVISOR EDUCATION WORKSHOP: RETIREMENT INCOME STRATEGIES 

On-Demand Recording

Sponsored by PIMCO

This workshop is for financial advisors and wealth managers who work with clients approaching or in retirement and will focus more specifically on the decumulation phase of retirement planning. Advisors will learn concepts and techniques taught in the Retirement Management Advisor® (RMA®) program, review results from recent surveys of investor behavior in retirement and explore decumulation-oriented planning approaches and digital tools, including the Income to Outcome framework. Attendees will learn to identify and analyze challenges retirees face and understand how to develop specific strategies to create retirement income, maximize growth and address risks.

2 Hour of CE Credit.

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A PRACTICAL APPROACH TO BEHAVIORAL GUIDANCE

Exceptional Advisor Podcast

Robert Powell, the editor of Retirement Daily at The Street, interviews John Nersesian, CIMA®, CPWA®, CIS, CFP®, Head of Advisor Education, PIMCO, on providing behavioral guidance to clients and how advisors can best help their clients avoid costly mistakes.

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KEEPING THE AGING BRAIN HEALTHY  

On-Demand Recording

The statistics are staggering: 47 million people have dementia worldwide, and that number is expected to skyrocket to 115 million people by 2050. Recent studies estimate that about a third of dementia is preventable if actionable steps are taken. But what kind of actions? There is so much more to keeping your brain in tip-top-shape and lowering your risk for dementia than crossword puzzles, brain games and Sudoku. Hear the scoop on scientifically valid, actionable tips to optimize your brain health, and what is just myth, hype, and marketing.

1 Hour of CE Credit.

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REGULATIONS THAT IMPACT ADVICE TO RETAIL INVESTORS

Exceptional Advisor Podcast

Robert Powell, the editor of Retirement Daily at The Street, interviews Duane Thompson, AIFA®, President, Potomac Strategies, LLC on the major changes to the Securities and Exchange Commission’s advertising and marketing requirements for registered investment advisers. They talk legislative updates and discuss Reg BI.

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INCOME TO OUTCOME: THE PIMCO RETIREMENT FRAMEWORK

On-Demand Recording

Retirement planning is inherently complex because life is inherently uncertain. Behavioral economics can help address natural but conflicting human desires for both predictable income and long-term growth. With a unified plan for both outcomes, clients may feel less anxiety and more likely to adhere to the plan successfully. Advisors can add value to retiree clients by aiming to make behavioral biases work for, the retiree in an intuitive way, not against.

1 Hour of CE Credit.

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ASSET LIABILITY MATCHING: HOW TO CREATE A SAFE RUNWAY INTO RETIREMENT

On-Demand Recording

How do you make sure a client's portfolio can deliver reliable retirement paychecks as they transition into retirement? Asset-liability matching is one way to do it. It's a process that's been used by pension plans for years, matching investments to the point in time where they will need to be consumed. In this presentation, you'll why clients love this approach and how to apply it to your portfolios.

1 Hour of CE Credit.

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